Phrases with «classical economists»

The phrase "classical economists" refers to a group of economists from the 18th and 19th centuries who followed principles based on individualism, free markets, and limited government intervention in the economy. They believed that economic problems would resolve themselves if left to the market forces of supply and demand. Full definition

Sentences with «classical economists»

  • The great classical economists were able to stay focused on the big picture and had broad concerns for humanity and its overall success and happiness. (dotearth.blogs.nytimes.com)
  • Many classical economists also treated land as a factor of production, but it is rather a property right. (michael-hudson.com)
  • Although it does not adjust as fast as classical economists envisioned, in the United States prices and wages respond relatively quickly. (newyorkfed.org)
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